Hopkins Housing Report December 2009

1. MARKET ACTION REPORT December 2009
David A. Cohen
MLS Area: 386 - Hopkins Realtor
612-819-4077
www.EquityDefender.com
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $242,200
Average List Price of all Current Listings $323,060
December Median Sales Price $171,000 $223,450
December Average Sales Price $157,750 $238,147
Total Properties Currently for Sale (Inventory) 30
December Number of Properties Sold 4 96
December Average Days on Market (Solds) 71 69
Asking Price per Square Foot (based on New Listings) $0 $152
December Sold Price per Square Foot $117 $136
December Month's Supply of Inventory 7.5 6.6
December Sale Price vs List Price Ratio 85.8% 89.5%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Number of Properties Sold 3 Mo Avg
18
Property Sales 16
17
16
December Property sales were 4, equal to 4 in 14
14
14
14
December of 2008 and -33.3% lower than the 6 sales 12
13
last month. December 2009 sales were at their 10
11
10
highest level compared to December of 2008 and 8
9
9
9
9
9
9
9
8
8
8
8
2007. December YTD sales of 96 are running 15.7% 6
7
7
7
6
6
6
6
6
ahead of last year's year-to-date sales of 83. 4
5
5
4
4
4
4
4
2
3
3
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D
07 08 09
Median Sales Price and Average Sales Price
(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 450
The Median Sales Price in December was $171,000, 400
down -7.6% from $185,000 in December of 2008
350
and down -22.3% from $220,000 last month. The
Average Sales Price in December was $157,750, up 300
11.4% from $141,575 in December of 2008 and down 250
-37.3% from $251,767 last month. December 2009 200
ASP was at a mid range compared to December of 150
2008 and 2007.
100
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D
07 08 09
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
60 16
The Total Inventory of Properties available for sale as of
14
55
December was 30, down -14.3% from 35 last month and 50
53
53
52
52
51
50
down -18.9% from 37 in December of last year.
49
12
48
45
December 2009 Inventory was at its lowest level 40
43
43
42
41
10
40
39
38
38
38
compared with December of 2008 and 2007.
37
37
37
36
36
35
35
35
35
35
30 8
32
31
31
30
30
28
27
6
20
A comparatively lower MSI is more beneficial for sellers 4
while a higher MSI is better for buyers. The December 10
2
2009 MSI of 7.5 months was at its lowest level compared
with December of 2008 and 2007. 0 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D
07 08 09
Copyright © Coldwell Banker Burnet | Price Range: All | Property Types: Single Family
Data is provided courtesy of Regional Multiple Listing Service of Minnesota Incorporated and may not reflect all relevant real estate activity. Coldwell Banker Burnet does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

2. MARKET ACTION REPORT December 2009
David A. Cohen
MLS Area: 386 - Hopkins Realtor
612-819-4077
www.EquityDefender.com
Days On Market for Sold Properties
Market Time 200
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 180
days the average Property is on the market before it 160
sells. An upward trend in DOM tends to indicate a move 140
towards more of a Buyer's market, a downward trend a 120
move towards more of a Seller's market. The DOM for 100 71
December was 71, down -40.3% from 119 days last 80 64
month and up 73.2% from 41 days in December of last 60 41
year. The December 2009 DOM was at a mid level 40
compared with December of 2008 and 2007. 20
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D
07 08 09
Selling Price per Square Foot
Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for 190
the direction of Property values. Since Median Sales 170
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the 150 137
selling price per square foot is a more normalized 130 117
indicator on the direction of Property values. The 110 95
December 2009 Selling Price per Square Foot of $117
was down -14.3% from $136 last month and up 22.6% 90
from 95 in December of last year. 70
50
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D
07 08 09
Selling Price versus Listing Price Ratio
Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
100%
Selling Price vs Original Listing Price 98% 95.7%
The Selling Price vs Original Listing Price reveals the 96%
93.5%
average amount that Sellers are agreeing to come down 94%
from their original list price. The lower the ratio is 92%
below 100% the more of a Buyer's market exists, a ratio
90%
at or above 100% indicates more of a Seller's market.
88% 85.8%
The December 2009 Selling Price vs Original List Price
of 85.8% was down from 90.4% last month and down 86%
from 93.5% in December of last year. 84%
82%
80%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D
07 08 09
Inventory / New Listings / Sales
Inventory / New Listings / Sales 60 Inventory New Listings Sales
This last view of the market combines monthly
55
50
53
53
52
52
51
50
inventory of Properties for sale along with New Listings
49
48
45
and Sales. The graph shows the basic annual 40
43
43
42
41
40
39
38
38
38
seasonality of the market as well as the relationship
37
37
37
36
36
35
35
35
35
35
30
32
between these items. The number of New Listings in
31
31
30
30
28
27
December 2009 was 10, up 66.7% from 6 last month 20
and down -9.1% from 11 in December of last year.
10
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D
07 08 09
Copyright © Coldwell Banker Burnet | Price Range: All | Property Types: Single Family
Data is provided courtesy of Regional Multiple Listing Service of Minnesota Incorporated and may not reflect all relevant real estate activity. Coldwell Banker Burnet does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

3. MLS Area: 386 - Hopkins
Price Range: All | Property Types: Single Family
J 07 F M A M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D
Homes Sold 6 9 14 9 8 16 11 9 9 9 8 4 4 3 6 4 10 5 9 14 9 7 8 4 6 3 8 7 6 7 17 5 14 13 6 4
3 Mo. Roll Avg 10 11 10 11 12 12 10 9 9 7 5 4 4 4 7 6 8 9 11 10 8 6 6 4 6 6 7 7 10 10 12 11 11 8
(000's) J 07 F M A M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D
Median Sale Price 199 221 238 220 208 230 235 260 235 319 225 242 195 284 231 236 256 250 170 255 209 158 267 185 205 170 214 193 209 198 244 259 269 217 220 171
3 Mo. Roll Avg 219 226 222 219 224 242 243 271 260 262 221 240 237 250 241 247 225 225 211 207 211 203 219 187 196 192 205 200 217 233 257 248 235 203
J 07 F M A M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D
Inventory 35 42 48 52 53 45 52 50 43 35 37 31 28 27 32 31 35 30 36 36 37 38 35 37 38 40 41 38 51 55 53 49 43 39 35 30
MSI 6 5 3 6 7 3 5 6 5 4 5 8 7 9 5 8 4 6 4 3 4 5 4 9 6 13 5 5 9 8 3 10 3 3 6 8
J 07 F M A M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D
Days on Market 80 73 70 35 20 53 85 59 53 45 106 64 53 43 115 124 22 151 72 66 38 33 60 41 53 44 74 79 67 55 45 52 67 99 119 71
3 Mo. Roll Avg 74 59 42 36 53 66 66 52 68 72 74 53 70 94 87 99 82 96 59 46 44 45 51 46 57 66 73 67 56 51 55 73 95 96
J 07 F M A M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D
Price per Sq Ft 141 151 137 173 157 163 135 154 167 162 146 137 122 162 144 116 144 145 137 144 168 168 136 95 140 110 134 117 115 152 142 180 137 131 136 117
3 Mo. Roll Avg 143 154 156 164 152 151 152 161 158 148 135 140 142 140 135 135 142 142 150 160 157 133 124 115 128 120 122 128 137 158 153 150 135 128
J 07 F M A M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D
Sale to List Price 0.940 0.981 0.935 0.963 0.988 0.964 0.918 0.963 0.966 0.948 0.933 0.957 0.930 0.960 0.907 0.849 0.961 0.837 0.907 0.947 0.957 0.941 0.942 0.935 0.909 0.854 0.919 0.895 0.858 0.938 0.960 0.949 0.902 0.858 0.904 0.858
3 Mo. Roll Avg 0.952 0.960 0.962 0.972 0.957 0.948 0.949 0.959 0.949 0.946 0.940 0.949 0.932 0.905 0.906 0.882 0.902 0.897 0.937 0.948 0.947 0.939 0.929 0.899 0.894 0.889 0.891 0.897 0.919 0.949 0.937 0.903 0.888 0.873
J 07 F M A M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D
New Listings 17 15 23 21 20 18 19 16 11 9 15 2 11 10 13 11 14 10 18 14 16 14 9 11 13 11 10 12 24 22 13 14 14 6 6 10
Inventory 35 42 48 52 53 45 52 50 43 35 37 31 28 27 32 31 35 30 36 36 37 38 35 37 38 40 41 38 51 55 53 49 43 39 35 30
Sales 6 9 14 9 8 16 11 9 9 9 8 4 4 3 6 4 10 5 9 14 9 7 8 4 6 3 8 7 6 7 17 5 14 13 6 4
(000's) J 07 F M A M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D
Avg Sale Price 207 235 241 235 209 266 235 278 265 363 308 235 185 326 227 213 291 350 191 272 234 438 318 142 201 157 233 183 213 195 274 317 304 212 252 158
3 Mo. Roll Avg 227 237 228 237 237 260 259 302 312 302 242 249 246 256 244 285 277 271 233 315 330 299 220 167 197 191 209 197 228 262 298 278 256 207
Copyright © Coldwell Banker Burnet | Price Range: All | Property Types: Single Family
Data is provided courtesy of Regional Multiple Listing Service of Minnesota Incorporated and may not reflect all relevant real estate activity. Coldwell Banker Burnet does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.